SC

SC: Dismisses SLP against re-assessment initiation based on special audit report

SC dismisses assessee-company’s SLP challenging Bombay HC order upholding re-assessment initiation (beyond 4 yrs period) based on a special audit report; HC had held that the special audit report constituted

Dec 18,2018

SC: Dismisses SLP against penalty deletion for accepting/repaying loans through ‘journal entries’

SC dismisses Revenue’s SLP challenging Bombay HC order in case of assessee (belonging to Lodha group of companies engaged in real estate business) for AY 2009-10; HC had dismissed Revenue’s

Dec 13,2018

SC: Dismisses SLP against HC-order holding ITAT’s setting aside of order u/s 263 'faulty'

SC dismisses assessee’s SLP against Delhi HC's order which had held ITAT’s approach of setting aside CIT’s revisionary order u/s 263 as ‘faulty’; HC had noted that CIT had observed

Dec 07,2018

SC: Dismisses Revenue’s SLP against HC allowing sec.10B deduction despite processing iron-ore outside EOU

SC dismisses Revenue’s SLP against Karnataka HC ruling allowing Sec. 10B deduction to assessee on profits derived from export of iron ore, despite iron-ore being processed in a plant located

Nov 23,2018

SC: Dismisses SLP against HC holding recovery u/s 226(3) from assessee-debtor as arbitrary

SC dismisses Revenue’s SLP against HC directing refund of tax to assessee (settlee for sand Ghats) against Income-tax department’s illegal and arbitrary recovery; On account of failure to collect and

Nov 23,2018

SC: Dismisses assessee's SLP against re-assessment upheld despite improper service of notice

SC dismisses assessee’s SLP against Delhi HC ruling upholding re-assessment; HC had quashed ITAT order holding that service of Sec. 148 notice on a person other than ‘principal officer’ as

Nov 23,2018

SC: Dismisses SLP against grant of Sec. 10(23C) benefit on satellite schools franchisee fees

SC dismisses Revenue’s SLP challenging Delhi HC judgement in case of Delhi Public School Society (assessee) for AY 2003-04; HC had held that assessee running 11 schools and over 100

Nov 15,2018

SC: Dismisses SLP against HC order rejecting TDS applicability on Hockey World Cup reimbursements

SC dismisses Revenue’s SLP against Delhi HC judgement holding that no tax was deductible u/s 195 on payment made by assessee (Organizing Committee Hero Honda World Cup) to Federation of

Nov 15,2018

SC: Dismisses SLP against HC-order holding compensation for ‘ROFR’ breach as capital receipt

SC dismisses Revenue’s SLP against Bombay HC ruling in case of a Parle group company (assessee); HC had held that compensation received by assessee in AY 1998-99 for breach of

Oct 24,2018

SC: Reverses HC; Assessee not 'local authority' post 2002 amendment; Denies exemption u/s 10(20)

SC allows Revenue's appeals, denies Sec. 10(20) exemption to assessee (constituted under Rajasthan Urban Improvement Act, 1959) as it is no longer covered by the definition of local Authority as

Oct 15,2018

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